AUDJPY trade ideas
AUD-JPY Bullish Bias! Buy!
Hello,Traders!
AUD-JPY is trading in a
Local uptrend and the
Pair made a retest of the
Horizontal support of 97.830
And we are already seeing
A bullish rebound so we
Will be expecting a further
Bullish move up
Buy!
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WHAT TO EXPECT AHEAD OF BoJ INTEREST RATE CUT!Price has been stagnant lately months after the BoJ Intervention that led to a strong yen over other base currency. As we anticipate a rate cut. I hat do we expect from price? Price remains bearish but in low trading volume. If we’d get a sell reaction around the price of 95.743 I’d be looking forward to selling
AUDJPY My Opinion! BUY!
My dear friends,
AUDJPY looks like it will make a good move, and here are the details:
The market is trading on 96.801 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 97.463
Recommended Stop Loss - 96.413
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
AUDJPY Will Go Down From Resistance! Short!
Here is our detailed technical review for AUDJPY.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 98.074.
Considering the today's price action, probabilities will be high to see a movement to 96.232.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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AUDJPY - 13 Jan 2025 SetupAUDJPY Breaking down a market structure on hourly timeframe. Spotted supply area on the H4 Chart (Red Rectangle). its the supply area after Ema's False bullish breakout.
Entry Position : Short
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly above demand area (Red Line)
Follow me if u guys making any gains from this idea.
Thanks
Coffee Trade Team
AUDJPYAUDJPY on demand floor could potentially reach buy target ,The price action of AUD/JPY today, January 22, 2025, is showing a slight increase. As of the current time, the exchange rate is around ¥98.214, The pair has been consolidating, moving back and forth, and is likely to continue this trend until the Bank of Japan's interest rate decision on Friday
BOJ Policy Rate
Monetary Policy Statement
BOJ Outlook Report
BOJ Press Conference.
this will give a clear directional bias as to where AUDJPY is going to.
AUDJPY: Bearish Continuation
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current AUDJPY chart which, if analyzed properly, clearly points in the downward direction.
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AUDJPY - Long Setup My main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key swing low and left untouched swing high.
But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of strength, so potentially there is a higher probability to see price higher.
Mainly correlated with GBPJPY, so I recommend you to take only one position from these 2 pairs.
Your success is determined solely by your ability to consistently follow the same principles.
AUDJPY FORECASTThe price is developing nicely. With this price action we need to give it time for more price development and letting the price reach at the key area. I always be speaking about patient, there is no way to ignore it, because when you are taking unmatured trades you actually increase the risk to your capital. Learn to know when to be out of the market.
Potential bull flag breakout on AUD/JPYA potential bull flag on the 1-hour chart of AUD/JPY has caught my eye, and a closer look at volumes also suggests it worthy of consideration.
The weekly CVM (cumulative volume delta) has confirmed the recent rally into the bull flag pattern, but is also breakout out of its own flag to suggest bullish pressure is building. It is also near its own weekly high, a break above which provides another bullish clue.
Trading volumes were rising alongside prices before they entered the sideways consolidation (bull flag), so I am now on guard for a break higher of prices.
Bulls could seek dips towards the daily pivot point (97.32) for a move up to 97.80, just beneath the daily S1 pivot.
A break above 98 assumes bullish continuation up to 98.50 near a weekly VPOC (volume point of control).
Matt Simpson, Market Analyst at City Index and Forex.com
Organizing Chaos: Practical Example of Using ChannelsChannels have been used by technical analysts for more than a century due to their ability to clarify price action and detect historical patterns (the main advantage of an investor, which I will write an article about soon). Today, I want to show you a practical example of the good use of this tool.
We are looking at the Australian Dollar / Japanese Yen pair (AUD/JPY), and we can clearly see how the use of channels shows us areas of imbalance or inflection points between supply and demand (blue lines).
Specifically, I want you to focus on the imbalance area where we are today. Historically, supply (selling force) has exceeded demand (buying force) in this price zone, which means that the majority of market participants, under the same conditions, have considered this price zone to be expensive. Another interesting detail is how strongly supply (sellers) has reacted after reaching this imbalance area. Although it has encountered resistance from buyers around the 88 level (which is an equilibrium zone), so far, sellers have been dominant and have managed to drive the price down to the 75 level. It's also noticeable that there could still be an upward response, but historically, this has been nullified by the selling force before surpassing the highs.
Conclusions:
It's amazing how a simple tool like a channel has given us a considerable advantage when making decisions. In just minutes, we've identified an opportunity zone, understood the psychology of the market participants, established two price zones as probable targets (88 and 75), and even got an idea of the magnitude of the selling force based on historical records.
Remember to study less about psychotrading and more about mass psychology, not to buy courses (especially not scalping courses), to respect the old masters, and above all, to question everything except your own capabilities.